FKLI
FKLI Spot Month Futures (PM) - 10 Apr 2025
Thu, 10-Apr-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1445
Resistance
1480 / 1490 / 1500
Support
1465 / 1455 / 1445
Possible Range
1440 to 1490
Strategy
Long positions may be opened above 1472 with targets at 1480/1490 and stop-loss at 1466
Short positions may be opened below 1472 with targets at 1465/1455 and stop-loss at 1478

FKLI Apr month surged 62.5 points or 4.45% to closed higher at 1468 on midday session. The FBM KLCI maintained its strong gains at midday as the domestic market rallied following news of a 90-day pause on U.S. tariffs.

The actively traded FKLI contract reached a low of 1379 and has been rebounding since yesterday's session, supported by positive sentiment in most regional markets. We continue to recommend buying on retracement as the main strategy. The next session is likely to see range-bound trading, with crucial support at 1445–1450 and resistance at 1465–1475. A breakout above resistance could potentially push the index back to the 1490 range, while failure to break above resistance may result in sideways trading. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1465 and 1480 respectively.

(News Source: The Star)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.949404 3.981238
EUR 4.633763 4.638745
CNY 0.579561 0.580180
HKD 0.504449 0.508017
SGD 3.094283 3.116286